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  1. free trade, also called laissez-faire, a policy by which a government does not discriminate against imports or interfere with exports by applying tariffs (to imports) or subsidies (to exports). A free-trade policy does not necessarily imply, however, that a country abandons all control and taxation of imports and exports. The theoretical case for free trade is based on Adam Smith’s argument ...

  2. Free-Soil Party, (1848–54), minor but influential political party in the pre-Civil War period of American history that opposed the extension of slavery into the western territories. Fearful of expanding slave power within the national government, Rep. David Wilmot of Pennsylvania in 1846 introduced into Congress his famous Wilmot Proviso, calling for the prohibition of slavery in the vast ...

  3. Jun 29, 2022 · Founded in 1768, The Encyclopedia Britannica is a general knowledge English-language encyclopedia. It is written by about 100 full-time editors and more than 4,000 contributors, who have included 110 Nobel Prize winners and five American presidents.

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